A classic Brisbane nightclub is shutting down, marking the end of a more than 40-year run as one of the city’s most beloved venues.

Friday’s Riverside announced on Monday it was “saying goodbye” to its long-standing home at 123 Eagle Street, with its final day of operations to be Sunday, May 24.

In a social media post, Friday’s invited locals to enjoy one last Friday or “Sanctuary Saturday” by the water to give the iconic venue a “proper farewell”.

“Make sure you come down and say goodbye before we close the doors,” the post read.

“Let’s send off Fridays the way it deserves.”

Social media users lamented the closure, while others shared memories from decades past.

“Oh my god its closing. I still remember the amazing times we had here. I can still hear the music and picture us dancing,” one user said.

“Oh so many memories, late 80s, v early 90s… so good!” another wrote.

Meanwhile, dozens of others called the closure “sad”, “devastating” and that it was an “end of an era”.

On Google, Friday’s Riverside has a 4.1 rating and many recent five-star reviews.

In a social media forum, Reddit users shared stories of their time at the venue, with one saying he was a duty manager in the 1986, apologising for all the “hangovers and headaches” caused by late-night parties.

Another said he saw gold-medallist speed skater Steven Bradbury dancing there in the early 2000s.

Meanwhile, another said the venue should have been heritage listed.

“Another Brisbane institution lost,” the user said.